Name: Magna Real Estate Market Data
Creator: Propaired

Question 1

What is the median home price in Magna, Utah in 2026?

Accepted Answer

As of May 2026, the median home price in Magna, Utah is $430,000, which is 17.0% below the Utah state median of $517,990. Home prices in Magna range from $255,700 to $799,999, with an average sale price of $436,930. These figures are based on recent closed transactions in the Magna real estate market.

Question 2

Is Magna, Utah a buyer's or seller's market?

Accepted Answer

Magna, Utah is currently a warm market that leans slightly toward sellers. Key indicators include an average sale-to-list price ratio of 99.2% and homes spending an average of 71 days on the market. Magna’s median home price is roughly 17% lower than the Utah average ($430K vs $518K) while days on market and sale‑to‑list ratios are essentially on par, making it a more affordable yet still competitive market.

Question 3

How long do homes stay on the market in Magna?

Accepted Answer

Homes in Magna, Utah spend an average of 71 days on the market before going under contract compared to the Utah state average of 72 days (1.4% below average). This gives buyers time to carefully evaluate options and negotiate terms. Properties that are priced competitively and show well tend to sell fastest.

Question 4

How many homes are for sale in Magna, Utah?

Accepted Answer

As of May 2026, there are 98 active homes for sale in Magna, Utah with 193 new listings added recently. In the most recent reporting period, 99 transactions closed in Magna. The inventory level can change quickly, so checking regularly helps buyers stay ahead of new opportunities.

Question 5

Are there new construction homes for sale in Magna, Utah?

Accepted Answer

Yes — Magna currently has 193 new listings recently added to the market, with prices starting from $255,700. New construction homes (year built ≥ 2025 or builder-flagged in MLS) can be found using the "New Construction" filter on Propaired. The overall median home price in Magna is $430,000.

Question 6

How does Magna compare to the Utah state average?

Accepted Answer

Magna home prices are 17.0% below the Utah state median of $517,990, with a local median of $430,000. Homes sell faster than the state average — 71 days in Magna vs 72 days statewide (1.4% below average). The sale-to-list ratio is 99.2% locally vs 99.0% statewide.

Question 7

Are homes in Magna more expensive than the Utah average?

Accepted Answer

No, homes in Magna are more affordable than the Utah state average. The median home price in Magna is $430,000, compared to the statewide median of $517,990 — a difference of $87,990 (-17.0%). This makes Magna an attractive option for buyers seeking value in Utah.

Question 8

Do homes sell faster in Magna than the rest of Utah?

Accepted Answer

Yes, homes in Magna sell faster than the Utah average. The average days on market in Magna is 71 days, compared to 72 days statewide (1.4% below average). This faster pace signals strong buyer demand in the area. The overall market temperature is considered warm.

Question 9

How have home prices changed in Magna over the past year?

Accepted Answer

Home prices in Magna, Utah have decreased by 9.7% over the past year. The median sale price went from $476,000 to $430,000. This decline may signal a shifting market that favors buyers. Check the Magna market trends section above for detailed charts.

Question 10

Is the Magna housing market heating up or cooling down?

Accepted Answer

The Magna housing market is currently showing mixed signals, with prices down 9.7% year-over-year and days on market increasing by 1.4%. The market temperature is rated "warm" based on current conditions. Magna’s median home price is roughly 17% lower than the Utah average ($430K vs $518K) while days on market and sale‑to‑list ratios are essentially on par, making it a more affordable yet still competitive market. Monitor the market data section above for monthly trends and state comparisons to track how conditions are evolving.

Question 11

What were Magna home prices this time last year?

Accepted Answer

In May 2025, the median home sale price in Magna, Utah was $476,000. Today, the median is $430,000, representing a change of -9.7% ($46,000 decrease). During that same period, the average days on market went from 37 to 37 days.

Question 12

What is the current market outlook for Magna, Utah?

Accepted Answer

Magna’s residential market remains attractive for buyers seeking affordability, with the median closed price at $430,000—about 17% below the state median—yet price momentum is solid, climbing 5.9% from the prior month. The sale‑to‑list ratio of 99.2% and a slight edge in days on market (71 vs. 72 statewide) show that homes are moving quickly and sellers are achieving near‑list prices. Inventory is modest; 196 new listings over the last three months have produced 100 closed transactions, leaving roughly 105 active or under‑contract homes, which translates to roughly two months of supply and keeps upward pressure on prices.

On the macro side, borrowing costs have ticked higher, with the 30‑year mortgage rate rising from 6.24% in November 2025 to 6.35% in May 2026, while the Fed Funds rate has held steady at 3.64% since March. Labor market conditions remain stable—U.S. unemployment at 4.3% and Utah at 3.6%—and consumer sentiment has plateaued around 56, supporting continued buyer interest. Combined with steady housing starts and a neutral RE sentiment index, these factors suggest a “warm” market: prices are appreciating, competition is moderate, and affordability remains a key draw for Magna homebuyers. The market temperature is rated "warm." Magna’s median home price is roughly 17% lower than the Utah average ($430K vs $518K) while days on market and sale‑to‑list ratios are essentially on par, making it a more affordable yet still competitive market.

Question 13

What are the key highlights of the Magna housing market?

Accepted Answer

Key highlights of the Magna, Utah housing market include: Median price rose 5.9% month‑over‑month, pushing the market toward the higher end of the recent range.. Sale‑to‑list ratio sits at 99.2%, indicating buyers are paying almost full asking price.. New listings (196) outnumber closed sales (100) but active inventory remains tight, with only about 105 homes currently on the market.. 30‑year mortgage rates have edged up from 6.24% to 6.35% over the past six months, adding cost pressure for buyers.. Unemployment in Utah stays steady at 3.6% and consumer sentiment has plateaued, supporting demand.. These insights are derived from recent MLS transaction data and local market analysis.

Question 14

What is the price range for homes in Magna, Utah?

Accepted Answer

Homes in Magna, Utah range from $255,700 to $799,999, with a median price of $430,000. The standard deviation is $103,646, indicating relatively consistent pricing across the area. This range reflects the diversity of housing options available, from starter homes to luxury properties.

Question 15

How do Magna schools compare to the state average?

Accepted Answer

Of the 8 schools in Magna, 0 (0%) are rated as high-performing and 0 have strong academics indicators. Families should research individual school ratings on our Magna schools page for detailed performance breakdowns.

Question 16

What is the internet quality in Magna, Utah?

Accepted Answer

Magna has an average broadband download speed of 8924 Mbps and 97% of homes have access to fiber internet. Top internet providers include Utah Telecommunication Open Infrastructure Agency, Google Fiber, Quantum Fiber. This is above average for Utah, supporting remote work and streaming. Residents have an average of 11.8 provider options.

Question 17

Are single-family homes or condos a better investment in Magna?

Accepted Answer

In Magna, single-family homes have a median price of $435,000 (-12.3% YoY), while townhomes/condos are $405,900 (-6.7% YoY). SFRs sell in 35 days vs 67 days for condos. Condos offer a lower entry point with competitive returns. Both property types are available with AI-powered search on Propaired.

Question 18

What is the price per square foot in Magna?

Accepted Answer

The median price per square foot in Magna, Utah is $225. The average home size is 1,978 sqft. This metric helps compare value across neighborhoods and property types — a lower price per sqft may indicate better value, while higher prices often reflect premium locations or finishes.

Question 19

Is now a good time to buy a home in Magna, Utah?

Accepted Answer

The 30-year mortgage rate is currently 6.35% and Utah's unemployment rate is 3.6%, with Magna's market rated as "warm." Prices are stabilizing at 9.7% year-over-year. Strong demand means well-priced homes move quickly — being pre-approved helps. Market timing depends on your personal financial situation and goals.

Question 20

When is the best time to buy a home in Magna?

Accepted Answer

Historically, June offers the most new listings in Magna, giving buyers the widest selection. Spring (April–June) typically sees the most inventory while winter months often have less competition and potentially more motivated sellers. However, Utah's growing market means opportunities exist year-round. Set up alerts on Propaired to be notified when new listings match your criteria.

Market Overview

Key Metrics

Detailed Market Analysis

Advanced Metrics

Trend Charts

Price Distribution & Property Mix

Featured Homes in Magna

$390,000

$300,000

$599,000

$899,000

$365,000

$260,000

$517,000

$485,000

$799,999

$399,000

$255,700

Deals & Lifestyle in Magna

$390,000

$300,000

$365,000

$260,000

$485,000

$399,000

$255,700

$370,000

$388,900

$599,000

$799,999

$709,900

$719,000

$525,000

$799,999

$575,000

$430,000

$500,000

$439,900

$414,900

$449,000

$451,500

Highlights in Magna

$23,000,000

$3,850,000

$1,599,999

$314,900

$584,900

$369,000

$624,900

$585,000

$440,500

$385,000

$2,695

$575,000

$466,925

$598,805

$440,000

$455,000

$568,160

$602,080

$601,375

$604,955

$517,000

$799,999

$550,000

$444,900

$709,900

$545,000

$585,000

$495,000

$385,000

$437,725

$585,000

$485,000

$505,000

$745,000

$399,900

$439,900

$475,000

$575,000